The Rise of Single-Family Rentals

Over the past decade, almost all of the growth in America’s households has been driven by renters, especially renters of single-family residences (SFRs).

Owning the stereotypical modest home with a white picket fence was long a hallmark of the suburban society that characterized the second half of the twentieth century (at least in the popular imagination). But the foreclosure crisis triggered by the Great Recession made renters out of millions of former homeowners.